Lodestar Private Asset Management LLC Grows Position in JPMorgan Ultra-Short Income ETF $JPST

Lodestar Private Asset Management LLC grew its stake in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 57.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,001 shares of the company’s stock after purchasing an additional 6,208 shares during the period. Lodestar Private Asset Management LLC’s holdings in JPMorgan Ultra-Short Income ETF were worth $862,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPST. Chelsea Counsel Co. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at approximately $25,000. Pandora Wealth Inc. purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the first quarter worth $34,000. Cooksen Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter worth $36,000. TD Private Client Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $48,000. Finally, Sound Income Strategies LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 54.9% in the 2nd quarter. Sound Income Strategies LLC now owns 1,162 shares of the company’s stock worth $59,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

Shares of JPST opened at $50.64 on Friday. The stock has a fifty day simple moving average of $50.65 and a two-hundred day simple moving average of $50.57. The company has a market capitalization of $34.15 billion, a PE ratio of 110.09 and a beta of 0.03. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.76.

JPMorgan Ultra-Short Income ETF Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.